Loop Capital analyst Laura Champine initiated coverage of Royal Caribbean (RCL) with a Hold rating and $250 price target The firm says that while it is favorably disposed to the entire cruise industry, it thinks a demand recovery and balance sheet improvement is already in the stocks of legacy cruise lines. The legacy stocks are at peak valuations, with adjusted EBITDA margins sustainably above peak, the analyst tells investors in a research note. Loop thinks the direction of the stocks in 2025 will be driven by whether there is a material demand slowdown, and it wants to wait until more cruise lines provide 2025 guidance to weigh in with more confidence.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean initiated with a Hold at Loop Capital
- Royal Caribbean upgraded to BBB- at S&P; outlook stable
- Royal Caribbean price target raised to $301 from $271 at UBS
- Royal Caribbean Earnings Call: Record Performance and Positive Outlook
- Royal Caribbean price target raised to $265 from $240 at BofA